So, MicroStrategy, the big cheese of Bitcoin hoarding, just dropped a cool 11,000 BTC. I mean, who does that? 🤔
On January 21, they decided to let the world know they spent $1.1 billion on this little shopping spree, averaging about $101,191 per BTC. You know, just a casual Tuesday for them. 💸
And get this, they made this purchase between January 13 and January 20, right before Trump’s big day. Coincidence? I think not! It’s like they were trying to distract us from the inauguration. “Look over here! We’re buying Bitcoin!”
Just like their previous Bitcoin splurges, they funded this with some fancy share sales under a convertible notes agreement. Sounds like a lot of jargon to me, but hey, it works for them! 🤑
Now, they’re sitting on a whopping 461,000 BTC, which they’ve snagged for a total of $29.3 billion. That’s an average price of $63,610 per BTC. Michael Saylor, the co-founder, shared this gem on X. I mean, who wouldn’t want to brag about that? 😏
Oh, and Saylor teased this buy on January 19. You know, just casually dropping hints like he’s some kind of Bitcoin oracle. “Stay tuned, folks! Big things coming!”
This latest 11,000 BTC buy is actually their third in January and the biggest one so far in 2025. They’ve already racked up 14,600 BTC this year. At this rate, they’ll own the whole blockchain! 😂
With this purchase, they’ve managed to achieve a BTC yield of 1.69% year-to-date. Not too shabby, right? But let’s be real, who’s keeping track of yields when you’re swimming in Bitcoin? 🏊♂️
This is a developing story, and I’m sure more ridiculousness will unfold. Stay tuned, folks!
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2025-01-21 16:43